Working as a landlord is like having a never-ending list of responsibilities. From collecting rent to cleaning out properties to managing bills, the list is always growing no matter how efficiently you work. And that work only becomes more complicated when you have to deal with problems caused by unruly or disrespectful tenants. Whether it’s…Read More
There are three main types of individuals searching for a service that offers bulk background checks. Hiring managers Property managers or landlords Lenders or banking professionals If you’re in any one of these groups, this post will guide you in assessing your leverage and purchasing power for background checks. Let’s first organize our thoughts to…Read More
If you’re looking to get credentialed for full credit reports then you will need to pass an on-site inspection (or on site inspection depending on your preference). As a good rule of thumb, we say no home-based businesses or home office situations. Not because it’s impossible, but because most don’t meet the strict requirements per…Read More
Let’s discuss one of the most avoided topics in tenant screening… renter references. You’re in the minority as a landlord or property manager if you’re calling your renter references because a lot of people just skip this step entirely. They chalk it up to “it’s a waste of time.” This couldn’t be further from the…Read More
Updated: November 2022 When screening tenants for a rental it’s common practice to collect address history on the rental application and then compare that to the previous addresses on the background check. Sounds simple but if your screening service is not dedicated to helping their clients stay compliant and does not have FCRA Certified Screeners…Read More
This list is a glimpse into why tenant screening is so important when it comes to building a quality rental portfolio. 1. They try and get you to lower the rent before they even see the apartment. This is a sure sign that this tenant can’t really afford the property. Asking before the showing means…Read More
Running a tenant background check is normal for a landlord but sometimes the renter will want to provide their own report. This isn’t a good idea due to rules laid out in the Fair Credit Reporting Act because this is sensitive information that needs to follow a process. American citizens can go to annualcreditreport.com. This…Read More
Between legal fees, lost rent, property turnover costs, and other expenses involved in an eviction, you’re looking at spending $3500 or more, on average, to evict a tenant. The key to avoiding these expenses is to have the proper measures in place to find excellent tenants from the start. These tips can help you optimize…Read More
Whether it’s for a job or a rental property, collecting a previous landlord reference from applicants is a critical step. There are 5 important questions that current landlords should be sure to ask an applicant’s previous landlord. A table of contents for questions to ask the previous landlord: When did the tenant’s lease begin and…Read More
Here at RentPrep we’re a tenant screening company and we’ve noticed that tenant screening for realtors has been a growing niche in our business. In this post we will discuss why we’ve seen an increase in tenant screening for realtors and what these real estate agents should be aware of. Six Things To Know With Tenant Screening For…Read More
